Before pointing fingers, your attention is directed to this SEC filing for the offering of securities:
http://www.secinfo.com/d1FCU9.n17.htm#1stPage
Erik can claim what he wants to, but he signed the form which includes Schumack's name. Note that the offering is for $3.0 million - fortunately (at least up to that time), nobody was suckered into buying them.
The bottom line is, Erik was required to get releases from ALL shareholders. Despite repeatedly being asked by Marcus for those releases, either because of lack of motivation or the knowledge that he could never deliver them, he failed to do so and, therefore, forfeited any right to cash that $300K check. He couldn't even stand there as Marcus kept trying to explain why, choosing to walk away like he was the victim. Boo hoo. Sorry folks, but in this case you can count me on Team Marcus.
Having worked in TV video editing in the past, it's easy for viewers to ask why something was included or omitted after days of work are compressed to fit into a 22 minute work (the remaining 8 minutes are, naturally, commercials). When you have an hour to tell a story, it doesn't get any easier.
